Egypt Allocates €338mn of EBRD Finances for Private-sector Projects

By Yomna Yasser On Nov 24, 2014

Egypt allocates €338 million of European Bank for Reconstruction and Development (EBRD)’s finances to finance 14 private-sector projects, minister of international cooperation Naglaa Al Ahwany announced.

Seeking larger amount of finances, Al Ahwany further referred to her ministry’s ongoing talks with the French Development Agency (AFD).

A sum of US$140 million of US financial aid packages was directed towards financing a number of private-sector projects, the Egyptian minister noted.